Tax Sale

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Dictionary Says

Definition of 'Tax Sale'

The sale of property that results when a taxpayer reaches a certain point of delinquency in his or her property tax payments. When this happens, the property owner has a right of redemption period. During this period, he or she has the opportunity to pay off the delinquent taxes in full and reclaim the property.
Investopedia Says

Investopedia explains 'Tax Sale'

There are a number of laws and requirements that must be followed in order for a tax sale to be valid. Adequate notice must be given to the taxpayer and the sale must also usually be open to the public, so that an adequate price is obtained for the property. In many cases, the amount received for the property must be at least equal to the total taxes that are owed.

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Search results for

'Tax Sale'

  • Will Your Home Sale Leave You With Tax Shock?

    http://www.investopedia.com/articles/pf/06/homesaletax.asp
    Will Your Home Sale Leave You With Tax Shock? ... If the exclusion wipes out all of
    your gain, you don't have to report the sale on your tax return. ...

  • Avoid Capital Gains Tax On Your Home Sale

    http://www.investopedia.com/articles/06/section1031exchange.asp
    Avoid Capital Gains Tax On Your Home Sale. September 20 2009 | Filed Under ยป
    Bonds, Real Estate, Taxes. Real estate investments have ...

  • Avoiding A Big Tax Bill On Real Estate Gains

    http://www.investopedia.com/articles/tax/09/property-sale-installment-payment.asp
    ... will consider part of the sale proceeds to be interest.) Principal Part of each
    installment sale is considered by the IRS to be a tax-free return of principal. ...

  • Series 7 Study Guide - Risk and Tax Considerations - Wash Sales ...

    http://www.investopedia.com/exam-guide/series-7/investment-risk-tax-considerations/wash-sale-substantially-identical.asp
    ... Consequently, this investor would not qualify for a tax deduction for the loss incurred
    on their purchase and sale of ABC stock, and would have to add $5 ($40 ...

  • Selling Losing Securities For A Tax Advantage

    http://www.investopedia.com/articles/04/122704.asp
    ... If you want to stay in the asset class, you can purchase a similar but not
    substantially identical security immediately after the tax-loss sale of your ...

  • Can IRA Transactions Trigger The Wash-Sale Rule?

    http://www.investopedia.com/articles/retirement/09/ira-wash-sale-rule.asp
    ... a non-retirement account and substantially identical shares are purchased in an
    IRA within 30 days, the investor cannot claim tax losses for the sale, and the ...

  • 7 Year-End Tax Planning Strategies

    http://www.investopedia.com/articles/tax/09/offset-capital-gains.asp
    ... read Using Tax Lots: A Way To Minimize Taxes.) Wash-Sale Rule Make sure your
    tax-loss selling conforms with an IRS guideline known as the wash-sale rule, which ...

  • Use Real Estate To Put Off Tax Bills

    http://www.investopedia.com/articles/tax/08/real-estate-reduce-tax.asp
    ... (To learn more about the tax implications of selling your home, read Will Your Home
    Sale Leave You With Tax Shock?) Mortgage Interest Deduction Homeowners can ...

  • Tax Tips For The Individual Investor

    http://www.investopedia.com/articles/01/112801.asp
    ... Dividends Are you an investor who ends up paying too much capital gains tax on the
    sale of your mutual fund shares because you've overlooked dividends that ...

  • A Tax Primer For Homeowners

    http://www.investopedia.com/articles/pf/06/mortgagepoints.asp
    ... Prior to May 7, 1997, homeowners were required to pay capital gains tax on profits
    from the sale of a home, unless the proceeds were used to purchase a more ...

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